89 Main Street, Cambridge, ON N1R 1W1 – Cambridge – $4,999,900

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Description

Prime Investment Opportunity 89 Main St, Cambridge! Located in the heart of downtown Cambridge, 89 Main St presents a fantastic investment opportunity with high potential for strong returns. This well-maintained property offers a total of 37,404 sq ft, with 33,176 sq ft of leasable space, including a 6,064 sq ft large open basement that was previously used as a public recreational and entertainment space ideal for creative re-use or tenant customization. The building was fully renovated and updated when it was acquired, including upgrades to major building systems. At that time, it was thoughtfully converted into a multi-tenant retail property, offering multiple commercial units with strong retail exposure. This setup is ideal for investors seeking to diversify their portfolio or establish a steady rental income stream. Anchored by two nationally recognized brand-name tenants on long-term leases, this property ensures stability and consistent cash flow. Positioned in a high-exposure, high-foot-traffic area, the building enjoys excellent visibility on one of the city’s most vibrant and traveled streets. With an excellent cap rate and a highly competitive cost per square foot, this property stands out as a smart, value-driven acquisition. Surrounded by established businesses, restaurants, and amenities, its perfectly situated to attract both tenants and customers. Don’t miss out on this rare opportunity to own a commercial gem in one of Cambridges most sought-after locations.

Property Details

• Property Type: Commercial
• List Price: $4,999,900
• Tax Year: 2024
• Annual Taxes: $33,797